Hope Education IPO Preview: Rating Provides Some Hope
Hope Education Group Co Ltd (1765 HK) is the second largest private higher education player in China based on student enrolment numbers in 2017. At...
930 Views
Kepei Education IPO: The Teacher Achieves Higher Margin Than Pure Businessmen
Summary Kepei’s operating margin is higher than all four Chinese colleges listed in Hong Kong. We believe Kepei’s advantage comes from the...
402 Views
China Xinhua Edu IPO Review - Re-Rate in Valuation Will Have to Come from Acquisitions
China Xinhua Education (CXE HK) is raising about US$166m in its upcoming IPO. Proceeds raised will be mostly used for acquisition, improvement of...
289 Views
China Xinhua Education IPO Preview: Unexciting Compared to Peers
China Xinhua Education (CXE HK) will shortly list in Hong Kong. At the mid-point of the IPO price range, HK$2.83-3.69 per share, China Xinhua...
476 Views
Huali University Group IPO Preview: Falling Enrolment and Weaker Margins Mean Premium Unlikely
Huali University Group (HLUG) is amongst the biggest private vocational education provider in South China in terms of enrolment. It has about...
322 Views